Cryptocurrency analyst and trader Michaël van de Poppe is sharing his bullish outlook on decentralized oracle provider Chainlink (LINK) with his 685,200 followers on social media platform X. According to van de Poppe, LINK could potentially see a significant surge of over 90% from its current value, provided it remains above the $13.50-14.25 support levels, with a potential continuation towards the $25-$30 range.
Examining his chart, van de Poppe suggests that in the short term, LINK may surpass the $16 level, experience a brief dip below $15, and then rally beyond the $18 level. At the time of writing, LINK is trading at $15.72, showing a nearly 3% increase in the past 24 hours.
In addition to his analysis of Chainlink, the trader also highlights a potential uptrend for Ethereum (ETH) against Bitcoin (ETH/BTC). He points to a strong bounce from Ethereum, signaling a likely uptrend, and emphasizes the need for ETH/BTC to break through the 0.06 BTC level to sustain the trend. Currently, ETH/BTC is trading at 0.05924 BTC ($2,530).
Van de Poppe also revisits his perspective on Bitcoin, particularly in the aftermath of the recent launch of spot BTC exchange-traded funds (ETFs). He notes that while Bitcoin is consolidating within a certain range, the initial hype surrounding the ETF release is gradually dissipating. According to his chart analysis, Bitcoin might soon rally above $45,000, retest the $39,000 level around March and April, and potentially move upwards past the $42,000 level around May, with potential resistance at $46,000 and support at $39,000-$41,000.
These insights from van de Poppe offer valuable perspectives for crypto traders and enthusiasts, shedding light on potential price movements and trends within the crypto market. As always, traders and investors should conduct their own research and consider multiple sources of analysis before making any financial decisions.
